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20121120
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of our collective deliberations. as bill clinton might say, it's just arithmetic. in fact, this situation of a divided government has only two possible outcomes -- action based upon good faith compromise or no action resulting from political dead lock, and in my position, the latter, is not acceptable to the people of maine and to the people of the united states. we must find a way to act, because many of the problems before us, the debt and deficit is probably the best example, have a time fuse. the longer we avoid acting, the worse they get. in this case, no decision is itself a decision, and it is almost undoubtedly the wrong decision. the challenges before us are too great and the stakes are too high to allow partisan differents to keep us from finding common ground even on the most difficult issues, and i hope that in a small way, in a small way i may be able to act as a brim between the parties, an on -- bridge between the parties, an honest broker to help nudge us toward solutions. i talked to more than a dozen senators of both parties in the past three days and have been impressed
. it is import how we get into the deficit situation. many viewers will remember when bill clinton left office this country had a surplus. we went to war in iran and afghanistan. bush and others decided not to pay for the war. that adds to the deficit. if you give a huge tax breaks, that adds to the deficit. if there is a recession, less revenue is coming in to the government. revenue is the lowest in six years. that is how we are where we are. we have to do this in a way that is fair, not on the backs of people that are working 60 or 70 hours a week and not on the backs of children by cutting their health insurance program and not on the backs of senior citizens. the struggle is to understand how we got to where we are and how do we go forward in reducing the deficit and creating jobs in this country. host: it was announced that there will be a caucus with the democrats. we see this headline in "the boston globe." what advice did you have for this fellow independent? guest: we have spoken a couple of times recently. essentially what he asked me about it is what is a like to function within th
starting in 2003 when the statutory budget controls that are supported by president bush 41 and bill clinton expire. that meant the so-called payroll rules that you could not end up doing that finance it cuts, could not expand new government programs of the should pay for it. they expired. washington spun out of control. three things happen in 2003. the second round of tax cuts, we could not afford them. we invaded a sovereign nation without declaring war, without paying for it -- iraq. we expanded medicare to add prescription drugs, added $8 trillion to medicare was already underfunded about $20 trillion. irresponsible. things have frankly gotten worse since. host: mike, centerville, massachusetts. a democrat. caller: hi. i am wondering why since our healthcare system is one of the biggest drivers on our national debt what we never hear cbo numbers comparing single payer to the private situation have in place now. guest: mike, cbo is generally requested to do work. frankly, they have a huge supply and demand imbalance. they're getting a lot more requests than resources -- then they
our problems quickly is for that bill to pass through the congress, through the house. >> other questions? right here. >> the question for you is, if you listen to what former president clinton said before the third debate or what labor secretary rice said, they both said the same version of the following. for the markets, for the long- term sustainability of the economy, we have to fix the deficit -- fix the deficit. denton said is, let's go ahead and get the deal and make it -- what clinton said is, let's go ahead and make the deal and make it ironclad. we need continuation of stimulus, which is effective of what he said when he was standing the economy, we by obama's sidedo yn they extended the bush tax cuts. that we need to have a grand bargain and it needs to go into effect right away? or do you agree with this, get the grand bargain, but delayed for a year or two, as the people on the democratic side of the debate have argued? >> my job is economic policy adviser. i am best at leading the policy -- politics to someone else. as an economist, the right strategy is to get our
Search Results 0 to 3 of about 4

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